# Apple (AAPL) is enjoying strong backing from Wall Street as it prepares to report its fiscal 2026 Q2 results later this month.

*business · news · 2026-04-22 · Barchart*

## Key points

- Apple CEO Tim Cook will step down on September 1, transitioning to executive chairman.
- John Ternus, SVP of Hardware Engineering, will become Apple's new CEO in September 2026.
- Apple is expected to unveil a revamped Siri powered by Google's Gemini AI models at WWDC 2026.
- A foldable iPhone may debut soon after Cook's departure, potentially driving new product excitement.
- Morgan Stanley suggests Apple's April 30 earnings may reset investor sentiment and spur a stock rally.

**Companies:** Apple
**Countries:** United States, China, Taiwan, Hong Kong

[Read the full story on Barchart](https://www.barchart.com/story/news/1451590/why-april-30-could-be-a-clearing-event-for-apple-that-takes-aapl-stock-to-300)

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